NYSE$ASPN
Aspen Aerogels Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Aspen Aerogels reported Q2 2025 results with revenue declining 34% year-over-year amid lower thermal barrier and energy industrial demand.
Aspen Aerogels Inc. recorded revenue of $78.0 million for the three months ended June 30, 2025, down from $117.8 million in the prior year, driven by reduced volumes in both segments. The company posted a net loss of $9.1 million and an operating loss of $5.2 million, reflecting restructuring charges and lower gross margins. Adjusted EBITDA fell to $9.7 million as the firm continued investments in its EV thermal barrier business while managing cost reductions.
- Q2 revenue totaled $78.0 million, a 34% decrease from Q2 2024 due to lower thermal barrier shipments to major OEMs and softer energy industrial demand.
- Gross profit margin contracted to 32% from 44% year-over-year amid higher manufacturing costs and volume declines.
- Net loss of $9.1 million included $4.9 million in restructuring and demobilization costs related to the Statesboro plant.
- Adjusted EBITDA of $9.7 million supported ongoing EV thermal barrier development despite the revenue shortfall.
Headline financials
Revenue & EPS history
Aspen Aerogels · Revenue · Quarterly
$78M
Revenue by segment
Aspen Aerogels · $78M total across 2 segments · Q2 2025
- Thermal Barrier$55.2M—70.8%
- Energy Industrial$22.8M—29.2%
Forward guidance
Management expects continued revenue pressure in 2025 from lower OEM volumes and energy industrial softness while focusing on cost reductions and EV thermal barrier opportunities.
Tailwinds
- Productivity improvements at East Providence facility and external manufacturing support long-term capacity
- Strong cash position of $167.6 million provides flexibility for strategic initiatives
Headwinds
- Thermal barrier revenue projected to decline due to slower EV adoption and pricing pressure
- Energy industrial revenue expected to decrease from project-based demand weakness
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.3%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+3.3%
Avg return
30 days after
57%
29 / 51 earnings
Positive
+52.3%
Q1 2024
Best reaction
-44.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.8% | +5.3% | +9.9% | |
| Q4 2025 | -26.7% | -7.9% | -7.3% | |
| Q3 2025 | -44.7% | -51.1% | -52.2% | |
| Q1 2025 | -24.3% | +4.4% | +5.8% | |
| Q4 2024 | -23.4% | -27.3% | -37.2% | |
| Q3 2024 | -9.4% | -6.8% | -27.8% | |
| Q2 2024 | +8.8% | +16.8% | +20.5% | |
| Q1 2024 | +52.3% | +65.4% | +91.1% | |
| Q4 2023 | +19.4% | +46.3% | +49.2% | |
| Q3 2023 | +11.1% | +16.6% | +43.4% | |
| Q2 2023 | -8.7% | -14.4% | -22.2% | |
| Q1 2023 | +22.5% | +30.6% | +19.9% | |
| Q4 2022 | +16.5% | +12.1% | -37.9% | |
| Q3 2022 | +6.7% | +18.9% | +24.4% | |
| Q2 2022 | +19.9% | +28.7% | +29.3% | |
| Q1 2022 | -5.5% | -5.7% | -21.3% | |
| Q4 2021 | +3.8% | -0.5% | +12.0% | |
| Q3 2021 | +16.3% | +12.4% | +23.5% | |
| Q2 2021 | -4.4% | -4.0% | +12.1% | |
| Q1 2021 | -11.8% | -13.7% | -1.8% | |
| Q4 2020 | -1.1% | -1.0% | -16.3% | |
| Q3 2020 | +6.8% | +8.4% | +41.0% | |
| Q2 2020 | +1.0% | -3.8% | +41.8% | |
| Q1 2020 | +5.7% | +17.8% | +8.0% | |
| Q4 2019 | -2.5% | -18.1% | -48.2% | |
| Q3 2019 | +13.2% | +11.5% | +15.0% | |
| Q2 2019 | -5.0% | -2.0% | -8.5% | |
| Q1 2019 | +6.0% | +9.3% | +16.7% | |
| Q4 2018 | +2.5% | +5.1% | -19.2% | |
| Q3 2018 | +10.3% | +10.6% | -6.1% | |
| Q2 2018 | -7.5% | -8.7% | -6.6% | |
| Q1 2018 | +1.8% | +5.4% | +13.0% | |
| Q4 2017 | +2.3% | +1.8% | -4.1% | |
| Q3 2017 | +7.4% | +9.0% | +8.5% | |
| Q2 2017 | +6.1% | +4.2% | -8.6% | |
| Q1 2017 | +4.5% | +9.2% | +6.7% | |
| Q4 2016 | -7.8% | -4.8% | -7.6% | |
| Q3 2016 | -33.1% | -34.8% | -32.3% | |
| Q2 2016 | -4.8% | -3.2% | +2.4% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +9.9% | — | — | |
| Q3 2015 | -20.8% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q1 2015 | -4.5% | — | — | |
| Q4 2012 | -10.3% | — | — | |
| Q1 2013 | -10.3% | — | — | |
| Q3 2013 | -16.2% | — | — | |
| Q4 2014 | +13.6% | — | — | |
| Q2 2013 | +9.2% | — | — | |
| Q4 2013 | +9.2% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q3 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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